TMI BlogRestrictionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ies during the twelve weeks period prior to the date of the programme and they shall not purchase or sell the eligible securities during the twelve weeks period after the date of the programme: Provided that such promoter or promoter group may , within the period provided in sub-regulation (1), offer eligible securities held by them through institutional placement programme or offer for sale thro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... romoters of the issuer: Provided that a qualified institutional buyer who does not hold any shares in the issuer and who has acquired the rights in the capacity of a lender shall not be deemed to be a person related to promoters. (3) The issuer shall accept bids using ASBA facility only. (4) The bids made by the applicants in institutional placement programme shall not be revised downwards or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omoter group who are offering their eligible securities should not have purchased and/ or sold the eligible securities of the company in the twelve weeks period prior to the offer and they should undertake not to purchase and / or sell eligible securities of the company in the twelve weeks period after the offer."
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